FEATURES OF ACCOUNTING OF CERTAIN FINANCIAL INSTRUMENTS ON THE EXAMPLE OF FORWARD CONTRACTS

In modern business conditions, in particular, during the pandemic caused by the COVID-19 virus, companies are looking for financial instruments that will ensure their stable operation for a long period of their operation. One of the types of financial instruments used in the daily activities of grain traders is the conclusion of forward contracts. This in turn gives the buyer a guarantee that in the future he will be able to buy the product at a fixed price, which is specified in the forward contract, and the seller gives a guarantee that his product will be sold. The purpose of the article is to highlight the features of accounting for certain financial instruments, including forward contracts. The materials of the study are: 1) domestic legislation on the organization and methods of accounting for financial instruments, including forward contracts; 2) works of domestic authors conducting their scientific and practical research in the field of accounting for financial instruments, in particular forward contracts; 3) Scopus database for bibliometric analysis regarding the selection of the authors' publication activity on the accounting of financial instruments using VOSviewer software. During the research such methods as theoretical generalization, formalization and analysis, logical generalization of results were used. Practical recommendations are given on the choice of accounting policy as an element of it as a date of recognition of financial assets acquired as a result of systematic operations. Correspondence of accounts on reflection in the journal of the account of economic operations of the enterprise on display of performance of the forward contract with their corresponding documentation on a numerical example is offered. Further research is proposed to focus on the peculiarities of accounting for futures transactions, which are a type of financial instrument.